UK house prices post biggest fall since 2020 after mini-budget chaos – business live

By Anonymous -

Average UK house prices fell 1.4% in November, as “the fallout from the mini-budget continued to impact the market,” says Nationwide

The impact of the mini-Budget continued to reverberate in November, with the largest monthly fall in house prices since the early days of the pandemic, says Tom Bill, head of UK residential research at estate agent Knight Frank".

Financial markets have been reassured by new government’s economic plan but the mortgage market is playing catch up. Mortgage rates should keep edging downwards as the effects of the mini-Budget wash through the system, which should settle the nerves of buyers and sellers, even as a 13-year period of ultra-low borrowing costs comes to an end.

We expect house prices to fall by 10% over the next two years and the reality of higher rates will bite more after Christmas. Mortgage offers made before the mini-Budget will begin to lapse and increase downwards pressure on prices from 2023.”

Continue reading...

 ALL Credit of this post going to https://www.theguardian.com

Comments

Post a Comment

Ask me anything here...

Popular posts from this blog

Gove confirms mandatory housebuilding targets for councils will be abolished in face of Tory rebellion – UK politics live

By Anonymous -
Levelling up secretary confirms government will change levelling up bill after number of Tory MPs tabled rebel amendment Starmer is now taking questions. Q: [Beth Rigby from Sky] When people are struggling with the cost of living, you are talking about constitutional issues. This might look to people as if you are out of touch. Are you talking to Westminster about stuff that won’t happen. What in this will improve people’s lives from day one of a Labour government? When you come to the next election, it may be that the Scottish National party will have a one-line manifesto and want a one-issue general election. But we have done a huge amount of research on Scottish public opinion and people want a better health service immediately, people want living standards improved immediately, people want jobs for young people immediately, people want better housing immediately and people of course want change in the way that we are suggesting immediately. People up and down this country are cryin...
Read more

Kotak Mahindra Bank Recruitment 2022 Released for Graduate Candidates And Apply Online

By Anonymous -
Image
Kotak Mahindra Bank Recruitment 2022 Released for Graduate Candidates And Apply Online Kotak Mahindra Bank Recruitment 2022 Released for Fresher & Graduate Candidates. The Kotak Mahindra Bank has released latest notification for the post of Asst Acquisition Manager on the Official Website. Any Interested candidates can apply to Kotak Mahindra bank for the post of Asst Acquisition Manager. Kotak Mahindra Bank Recruitment 2022 Kotak Mahindra Bank Recruitment Details 2022 Organisation - Kotak Mahindra Bank Post Name - Asst Acquisition Manager Apply Starting Date - 16.05.2022 Last Date to Apply - 30.06.2022 Mode of Apply - Only Online Status - Job Notification Released Job Role For Kotak Mahindra Bank Recruitment 2022: Acquisition of a new client (NTB) through external personal efforts for the bank's current account, savings account products. Getting customers from individuals, small businesses, trusts, associations, societies, corporates. Revenue generation, customer acquisition, ...
Read more